Category: Bitcoin News

Key points: Bitcoin’s failure to rise above $118,000 may have attracted profit-booking by short-term traders, resulting in a drop toward $107,000. Several major altcoins turned down from their overhead resistance levels, signaling that the bears remain sellers on rallies. Bitcoin (BTC) bulls are attempting to sustain the price above $111,000, but the bears have continued to exert selling pressure. Glassnode wrote in its latest Weekly Market Impulse report that BTC’s recent recovery was not supported by increased participation, signaling a “potential consolidation phase.” A slightly cautious view came from crypto…

The German parliament is set to review a motion urging the government to recognize Bitcoin as a unique, decentralized digital asset that deserves a strategic approach. Germany’s main opposition party, Alternative for Germany (AfD), has submitted an official motion to the national parliament, the Bundestag, opposing the overregulation of Bitcoin (BTC). Filed on Thursday, the motion argues that Bitcoin is fundamentally different from other crypto assets and should not fall under the Europe-wide crypto regulatory framework known as Markets in Crypto-Assets (MiCA). “Overregulation of Bitcoin service providers and users in…

US President Donald Trump pardoned Changpeng Zhao, also known as CZ, on Oct. 21. The former Binance executive is just the latest on a growing list of convicted crypto executives to receive clemency from the White House. Even on the campaign trail, Trump promised to make an about-face on crypto policy and grant clemency to individuals such as Silk Road founder Ross Ulbricht. The president cited instances of lawfare from the Biden administration as a significant motivator. While starting with Ulbricht in January, the list has grown to include four…

Binance founder Changpeng “CZ” Zhao warned crypto investors not to buy a new memecoin launched to capitalize on his popularity, cautioning against the financial risks of trading celebrity-linked tokens with no real blockchain utility. The memecoin emerged shortly after a fan page built a golden statue of Zhao, sharing pictures and offering to send it to the founder of the world’s largest crypto exchange. Zhao warned users in a Wednesday X post not to buy the memecoin associated with the statue, as the token’s launch signaled that the creators were…

Brazilian solar power producer Thopen is exploring a move into Bitcoin mining as a way to absorb surplus energy generated by the country’s fast-growing renewable sector, the company’s CEO told local outlet BN Americas. Gustavo Ribeiro, who is CEO of Thopen and its majority owner, Pontal Energy, told BN Americas the company is considering expanding into Bitcoin (BTC) mining, according to a Wednesday report. When asked how Thopen plans to address Brazil’s energy oversupply, Ribeiro said the company is mitigating the issue through diversification. He added that the company is…